JD.com (JD) Receives Price Target

JD.com (JD) : 10 investment research analysts covering JD.com (JD) have an average price target of $30.7 for the near short term. The highest target price given by the Brokerage Firm to the stock is $36 and the lowest target is $27 for the short term. Analysts expect the variance to be within $3.2 of the average price.

JD.com (JD) : 5 brokerage houses believe that JD.com (JD) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on JD.com (JD). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 1.72.


Also, Brokerage firm Jefferies maintains its rating on JD.com (NASDAQ:JD). As per the latest information, the brokerage house raises the price target to $32 per share from a prior target of $31.6. The shares have been rated Buy. The rating by the firm was issued on August 11, 2016.

JD.com (NASDAQ:JD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.41 and $25.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.71, notching a gain of 1.18% for the day. The total traded volume was 5,595,909 . The stock had closed at $25.41 on the previous day.

JD.com, Inc. is an online direct sales company. The Company engages primarily in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in Peoples republic of China (PRC) on the Internet through its Website jd.com. It also operates its online marketplace under which third-party sellers sell products on the Companys Website to customers. The Company has approximately 518 million product reviews generated by its customers. The Company operates approximately 123 warehouses with an aggregate gross floor area of approximately 2.2 million square meters in 40 cities and 3,210 delivery stations and pickup stations in 1,862 counties and districts across China. The Company provides same-day delivery in approximately 134 counties and districts and next-day delivery in approximately 866 counties and districts across China.

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